James Madison, a framer of our constitution, warned of the dangers of extreme...

[bripat9643]

You are dumb as a post. Consumer spending is what drives the economy.

Wrong. That is your first mistake.
Your second mistake is thinking gov't stimulates the economy by spending money
Your third mistake is thinking gov't invests money
Your fourth mistake is thinking you can solve income inequality by making rich people poor
Your fifth mistake is thinking you make people's lives better by mandating higher wages
Your sixth mistake is talking about economics when you've never studied the subject
Your seventh mistake is coming on these boards yammering about it and getting your ass handed to you in every thread.

You misunderstand gov spending on the economy. As long as it is done appropriately, it does work. Why? Because when you stimulate economic demand, it causes a ripple effect in the economy. That is why it is not zero sum.

Everything else you said is so retarded it isn't even funny.

Every dollar the government spends it must first take from somewhere. That also has "ripple effects." The net result is negative, not positive. Transferring money and resources from productive people to useless parasites does not help the economy. The empirical record demonstrates this fact beyond refutation.

 

[The T]

Wrong. That is your first mistake.
Your second mistake is thinking gov't stimulates the economy by spending money
Your third mistake is thinking gov't invests money
Your fourth mistake is thinking you can solve income inequality by making rich people poor
Your fifth mistake is thinking you make people's lives better by mandating higher wages
Your sixth mistake is talking about economics when you've never studied the subject
Your seventh mistake is coming on these boards yammering about it and getting your ass handed to you in every thread.

You misunderstand gov spending on the economy. As long as it is done appropriately, it does work. Why? Because when you stimulate economic demand, it causes a ripple effect in the economy. That is why it is not zero sum.

Everything else you said is so retarded it isn't even funny.

Every dollar the government spends it must first take from somewhere. That also has "ripple effects." The net result is negative, not positive. Transferring money and resources from productive people to useless parasites does not help the economy. The empirical record demonstrates this fact beyond refutation.

Billy's problem is that he thinks all money/property belongs to government and they alone control it at their whim. The government only allows us by their good graces to keep whatever government thinks we need...and HE wants HIS share, even though HE didn't earn it.

 

[Iceweasel]

Every dollar the government spends it must first take from somewhere. That also has "ripple effects." The net result is negative, not positive. Transferring money and resources from productive people to useless parasites does not help the economy. The empirical record demonstrates this fact beyond refutation.

Billy's problem is that he thinks all money/property belongs to government and they alone control it at their whim. The government only allows us by their good graces to keep whatever government thinks we need...and HE wants HIS share, even though HE didn't earn it.

That highlights one of the major differences between the left and right. Instead of a government that provides an environment for economic growth and prosperity, the left thinks that government is the source of economic growth and prosperity through taxation and spending. No matter what the historical evidence is.

It's been a generation since the big lesson of the Carter years and the new crop of idealogues didn't live through it and were taught alternative history. It's time to bring back the Misery Index.

 

[editec]

What most of you believe about MONEY and ACCOUNTING would be true if we lived in a capitalist economy

We do not.

We live in a MONITORIST economy.

 

[bripat9643]

What most of you believe about MONEY and ACCOUNTING would be true if we lived in a capitalist economy

We do not.

We live in a MONITORIST economy.

It doesn't matter. Government does not produce anything. It's a drag on the economy. Any claim that government is responsible for jobs or growth is a non-starter.

 

[JakeStarkey]

You are dumb as a post. Consumer spending is what drives the economy.

Without wealth they can't spend anything. Without products and services they have nothing to buy. So they need wealth and goods. That comes from business, not government.

You are not very knowledgeable about the economy and how it works.

 

[Iceweasel]

You are dumb as a post. Consumer spending is what drives the economy.

Without wealth they can't spend anything. Without products and services they have nothing to buy. So they need wealth and goods. That comes from business, not government.

You are not very knowledgeable about the economy and how it works.

I've owned my own company for twenty seven years. And you?